March 24 message, the Chinese Mechanical Engineering announced sanctions against Iran since the recent pattern is constantly changing, so the company to provide an update on the latest business model of Iran. The company refers to the plans in a number of civilian areas, the gradual introduction of its business in Iran. Since the company expects earnings from Iran will be relatively low, and its business in over the region, the company's management estimates that the company's future business in Iran will not exceed its jurisdiction by dividing the total amount of 5% of the recent gains.
If the company sanctions the Special Adviser on H & K told that, as a non-US company, currently doing business in Iran. Other restrictions and sanctions on Iran will not have a material impact on the company's potential business activities in Iran.
The company's core business in the electricity energy, transportation and electronic communications will not lead to other US, EU or UN sanctions. The company will be able to field a number of industries in Iran to seek potential business opportunities. The company will be able to participate fully in the operational activities of the territory, to the parts, service and technology providers from the engineering, procurement and management.
After considering the legal advice obtained from H & K, the company that, according to the Iran Sanctions Act, which in the future will not be in business in Iran sanctions. |
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